How to Fix Incorrect Starting Reconciliation Bank Balance in QuickBooks
Check your Reconciliation Discrepancy report in Reports > Banking to see what changed. Unfortunately, this report is not available in Pro which is one of many reasons QuickBooks Premier or QuickBooks Enterprise is usually a better option for all but the most simple of businesses.
Unfortunately, if you need your QuickBooks reconciliations to match up to your bank statements, you’ll need to unreconcile until you get to a month where the beginning balances match and then re-reconcile. Hopefully you kept a copy of all your old reconciliation reports which will make this a lot easier. If you don’t care about them matching up, enter the missing transaction and check it off the current reconciliation screen.
This is the reason there are so many tricks for fixing errors without deleting and re-entering transactions. It’s also why Client Data Review is such an important breakthrough and one reason I recommend the Accountants edition of QuickBooks Premier and QuickBooks Enterprise.
This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.